one what is sap mm answer sapm materials management is a module in the sap Erp system that deals with procurement Inventory management and material valuation it plays a crucial role in managing materials ensuring that the supply chain operates smoothly and efficiently sap mmm integrates with other modules like sapsd sales and distribution sappp production planning and sap f Co financial accounting and controlling allowing for seamless operations across the organization two what are the key components of sapm answer the key components of sapm include material Master Central repository of information about materials that an organization procures produces or stores vendor Master contains data about vendors from whom materials are procured purchasing manages the procurement process including purchase requisitions purchase orders and rfqs inventory management handles the receipt storage and movement of goods within the organization invoice verification ensures that invoices received from vendors are accurate and reflect the goods received and purchase orders material valuation manages the valuation of materials and the impact on financial accounts three what is a material master and why is it important answer the material Master is a database containing all the information required to make manage materials in an organization it includes data like material descriptions units of measure valuation class and procurement type the material Master is crucial because it ensures that all departments have consistent and accurate information about materials leading to efficient procurement production and sales processes